Pro Farmer's Daily Advice Monitor
Receive advice alerts via text message. Call 1-888-582-9212 to learn more.
- Sept. 20: No changes.
- Sept. 17: No changes.
- Sept. 16: No changes.
- Sept. 15: No changes.
- Sept. 14: No changes.
*Note: Check below daily to see if we recommend catch-up sales for individual markets.
|
Corn |
||
|
Cash-only marketers |
2021 crop: 40% forward sold for harvest delivery |
|
|
Hedgers — cash sales |
2021 crop: 40% forward sold for harvest delivery |
|
|
Hedgers — futures/options |
10% hedge in December corn at $5.22 for 2021-crop |
|
|
Get current with advised hedges. Wait on a price recovery to get current with advised cash sales. We are targeting the mid-$5.00 range to increase 2021-crop sales. We would likely make initial 2022-crop sales at the same time. |
||
|
Soybeans |
||
|
Cash-only marketers |
2021 crop: 40% forward sold for harvest delivery |
|
|
Hedgers — cash sales |
2021 crop: 40% forward sold for harvest delivery |
|
|
Hedgers — futures/options |
10% hedge in November soybeans at $12.73 1/2 for 2021-crop |
|
|
Get current with advised hedges. Wait on a price recovery to get current with advised cash sales. We are targeting the mid-$13.00 range to increase 2021-crop sales. We would likely make initial 2022-crop sales at the same time. |
||
|
Wheat |
||
|
Cash-only marketers |
2021 crop: 70% sold 2022 crop: 20% forward sold for harvest delivery next year. |
|
|
Hedgers — cash sales |
2021 crop: 70% sold |
|
|
Hedgers — futures/options |
No positions |
|
|
Get current with advised 2021- and 2022-crop sales. |
||
|
Cotton |
||
|
Cash-only marketers |
2021 crop: 75% forward sold for harvest delivery 2022 crop: 0% sold |
|
|
Hedgers — cash sales |
2021 crop: 75% forward sold for harvest delivery 2022 crop: 0% sold |
|
|
Hedgers — futures/options |
No position |
|
|
Get current with advised sales. Be prepared to increase 2021-crop sales and start 2022-crop sales on a sharp price spike. |
||
|
Livestock |
||
|
Cattle |
3rd qtr. 2021 |
0% |
|
4th qtr. 2021 |
0% |
|
|
1st qtr. 2022 |
0% |
|
|
2nd qtr. 2022 |
0% |
|
|
Carry all risk in the cash market for now. Futures are signaling a short-term top is in place, so we may add hedgers for fed cattle producers. |
||
|
Hogs |
3rd qtr. 2021 |
0% |
|
4th qtr. 2021 |
0% |
|
|
1st qtr. 2022 |
0% |
|
|
2nd qtr. 2022 |
0% |
|
|
Be prepared to add fourth-quarter hedges on a price recovery. We feel the downside is overdone at current levels. |
||
|
Feed |
||
|
Corn |
3rd qtr. 2021 |
83% |
|
4th qtr. 2021 |
0% |
|
|
1st qtr. 2022 |
0% |
|
|
2nd qtr. 2022 |
0% |
|
|
You should are hand-to-mouth on corn-for-feed needs. While futures are signaling a short-term low is in place, it will be difficult to find sustained buying during harvest. |
||
|
Meal |
3rd qtr. 2021 |
92% |
|
4th qtr. 2021 |
25% |
|
|
1st qtr. 2022 |
0% |
|
|
2nd qtr. 2022 |
0% |
|
|
You should have soybean meal needs covered in the cash market for 75% of September and 25% for the fourth quarter. Get current with advised cash feed coverage. |
||
